Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

575 Majestic Oak Dr Apopka, FL 32712

4 Beds 3 Baths 2,829 sqft Built 2002

$493,500

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $174.44
  • 6 Days on Market
  • MLS # : O5930415
  • Updated Date : 03/17/2021 at 16:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,829 sqft
  • Baths : 3 full
Listing Agent

Re/max Assured

Listing Agent's Description

Stop! Look no further.... This gorgeous 4 bedroom, 3 bathroom home is located in Diamond Hill at Sweetwater Country Club. Plenty of upgrades throughout with a 5 Ton A/C Unit 2019, New Plumbing 2019, New Fixtures in Bathrooms & Kitchen 2019, Rear Automated Shades 2020, Blinds Formal Rooms & Door 2020 and Interior Painted 2019. Sleek, Modern Kitchen completely redone in 2019. Stunning Quartzite Stone counter tops with a waterfall effect on the island and breakfast bar. Gray Shaker style cabinets giving you plenty of storage with above and undermounted lighting to accent the stylish backsplash and countertops. Stainless Steel appliances included. The cabinetry and Quartzite counters carries over to the dinette area complete with wine fridge. Large family room, formal dining room and formal living room making it a breeze to entertain. Retreat to the master suite with two walk-in closets, "wood style" tile flooring and an ensuite bathroom. Master Bathroom features dual vanities with separate sinks, shower and garden tub to soak away the stress from the day. There are three other ample sized bedrooms to spread out-in. One of the bedrooms features built-in office furniture. One of the guest bathrooms has also been updated with a contemporary feel. Additional features include high ceilings, archways, plant shelf, crown molding and ceiling fans. Take in some nature while lounging under the 18x10 covered and extended 20x22 tiled open patios. Let's not forget about the attached, 3 car garage. This home is situated on .24 of an acre with lush landscaping. Conveniently located near plenty of dining, shopping and the 429. Don't let this picturesque home pass you by!

SEE MORE

MARKET HIGHLIGHTS

  • Major employers in Orlando market: Walt Disney World Resort; Advent Health; Universal Orlando Resort; Orange County Public Schools; University of Central Florida; Lockheed Martin; and Darden Restaurants.
  • Space coast area has attracted $1.4 billion in capital investments over the past 6-years and generated 1,800 new jobs in 2017 (WSJ, 2017)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Orlando inherits the same rank being part of Florida.
  • Orlando metro's economy is worth $141 billion in Gross Metro Product and projected to grow to $149 billion in 2019 (USMayors.org, 2018)
  • Together Walt Disney World Resort and Universal Orlando Resort employ 96,000 people and drive tourism (Orlando Economic Partnership)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)
  • Orlando metro contributes to 13.8% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • Orlando metro has 64.8% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • Orlando ranks 7th in U.S. for economic growth (Milken Instutute/ Orlando Sentinel, 2018)

PRICE & RENT TRENDS

Neighborhood: Diamond Hill

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $110k609k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Diamond Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9302587

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Clay Springs Elementary School Primary Regular 745 50 5
Piedmont Lakes Middle School Middle Regular 1,142 68 4
Wekiva High School High Regular 2,349 113 4

Clay Springs Elementary School

  • Education Level: Primary
  • # of students: 745
  • # of teachers: 50
5
GreatSchools Rating

Piedmont Lakes Middle School

  • Education Level: Middle
  • # of students: 1,142
  • # of teachers: 68
4
GreatSchools Rating

Wekiva High School

  • Education Level: High
  • # of students: 2,349
  • # of teachers: 113
4
GreatSchools Rating
 

$444,150$542,850$493,500

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,714
Property Tax -$532
Property Insurance -$205
HOA -$63
Property Management Fees -$129
CASH FLOW
-$212

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$493,500

PROJECTED PRICE

$2,430

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,528

INVESTMENT

$136,528

Down Payment
$123,375
Rehab Estimate
$5,750
Closing Costs
$7,403

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,714

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,375
Loan Amount $370,125
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$12,971

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,430

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,638

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,430
1$2,4302$2,5503$2,5954$2,8005$2,895
$2,895
RENT COMPS ANALYSIS
  • 575 Majestic Oak Dr Apopka, FL 1
    • 4 beds 3 baths ∙ 2,829 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,829 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.86
    •  
  • 2313 Park Village Pl Apopka, FL 2
    • 4 beds 3 baths ∙ 2,655 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,655 Sqft ∙ Built 1989
    property image
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.96
    •  
  • 1312 Longhill Dr Apopka, FL 3
    • 4 beds 3 baths ∙ 3,173 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,173 Sqft ∙ Built 1997
    property image
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.82
    •  
  • 2036 Ne Palm Vista Dr Apopka, FL 4
    • 4 beds 3 baths ∙ 3,055 Sqft ∙ Built 1985 4 beds 3 baths ∙ 3,055 Sqft ∙ Built 1985
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.92
    •  
  • 101 Stone Brook Ct Longwood, FL 5
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 1983
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,895
    • $1.03
    •  
PROPERTY LISTING DETAILS
Jason Zinno
1.407.657.8600
Re/max Assured
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5930415
Last Updated: 03/17/2021
BESbswy